According to the website of the Ministry of Finance, in order to better guarantee the supply of steel resources and promote the high-quality development of the steel industry, with the approval of the State Council, the Tariff Commission of the State Council recently issued an announcement, starting from May 1, 2021,tariffs on some steel products will be adjusted. Among them, pig iron, crude steel, recycled steel raw materials, ferrochrome and so on, the import tariff rate  is zero; the export tariffs for ferrosilicon, ferrochrome, high-purity pig iron and other products are appropriately increased, and the temporary export tax rate will be 25% , 20%, 15% .The above adjustment measures are conducive to reducing import costs, expanding imports of steel resources, supporting domestic reduction in crude steel production, guiding the steel industry to reduce total energy consumption, and promoting the transformation and upgrading of the steel industry and high-quality development. It’s really a good news for us. Hope the import tariffs of copper also can be reduced,now the copper price in China reached 71000CNY/T, compared to last year,the copper price is about 45000CNY/T-55000CNY/T.As GRL is a manufacturer of fuse,fuse switch disconnector, fuse base, isolator switch,changeover switch,busbar system products, where copper is used heavily. Currently, we are trying our best to keep the products price or just raising a little bit,on the other hand,we are looking forward to the reduction of copper price.